Michael Saylor hinted Strategy could resume Bitcoin purchases days after suggesting potential BTC sales for dividends.
Bitcoin News
Michael Saylor posted "Back to work, BTC" on X on May 10, signaling that Strategy plans to resume Bitcoin (BTC) purchases.
The post follows a pattern that has preceded previous buying announcements, with purchases typically confirmed the following day. The company had paused buying for one week ahead of its first-quarter 2026 earnings call.
Strategy's most recent purchase came on April 27, when the company acquired 3,273 BTC for approximately $255 million. That transaction brought its total holdings to 818,334 BTC, valued at roughly $61.8 billion at the time of publication, according to Strategy's website. The company's average acquisition cost per coin stands at approximately $75,537, placing the position up about 7.6%.
Saylor Says Sales Would “Inoculate” Market
During the Q1 2026 earnings call on May 6, Saylor said the company may periodically sell portions of its BTC treasury to fund dividends for holders of its credit instruments. "We'll probably sell some Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we did it," he said. The statement drew attention because it appeared to depart from the company's longstanding position of never selling BTC.
Reactions within the Bitcoin community were divided. Strategy investor Adam Livingston argued on May 6 that periodic sales would be accretive, as the proceeds could finance larger BTC purchases over time. Bitcoin advocate Samson Mow said the selling capability gives Strategy greater flexibility to maneuver within financial markets. Some commentary on social media warned the arrangement could suppress BTC's spot price by introducing sustained selling pressure.
Strategy CEO Phong Le addressed those concerns on CNBC on May 6. He pointed to BTC's average daily trading volume of more than $60 billion as sufficient to absorb the company's $1.5 billion in annual dividend obligations. "I don't think we're driving the price up or down," Le said, adding that the company holds approximately 4% of the total BTC supply.
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